Federal Prosecutors To Seize Homes Of Online Poker's IndictedRay Bitar and Chad Elie May Lose California and Las Vegas Homes |
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On Thursday, Forbes reported that federal prosecutors filed for supplemental forfeiture of five homes connected to Ray Bitar and Chad Elie, two of the 11 indicted by the Department of Justice on Black Friday.
Four California homes have been connected to Bitar, one of the founders of Full Tilt Poker, who is believed to be currently living abroad. Included among the properties is a 5,100 square-foot estate in Glendora, that was purchased in 2008 for $2.9 million.
Bitar formerly issued a statement through his company, predicting his exoneration and saying, “I am surprised and disappointed by the government’s decision to bring these charges.”
The fifth home is a $1.5 million, 7,200 square-foot mansion owned by former Playboy Playmate Destiny Davis, who married Elie the day after he was arrested. Elie pleaded not guilty and was released on a $250,000 bond.
Both men, along with the rest of the indicted, are accused of violating the Unlawful Internet Gambling Enforcement Act (UIGEA), money laundering and bank and wire fraud. The government is seeking a combined $3 billion in a civil lawsuit and millions have already been seized after issuing restraining orders against 76 different banks and payment processors.
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